Following the breaking news that Spike TV will not be renewing their contract with Impact Wrestling, F4WOnline has confirmed that Spike will indeed pass on a contract renewal.

F4W is saying although both sides are claiming they won’t renew the contract, it was ultimately Spike’s decision to do so.

TNA is saying they are still in negotiations with the network, and an earlier report stated Dixie Carter was telling people they would leave Spike due to a lack of commitment from the network.

Our very own Mike Killam was the first to report on the Spike cancelling Impact rumored report, with new details continuing to come out over the past 24 hours. We will continue to update the situation as more details are revealed.